Acme Solar Holdings Limited has informed the Exchange regarding a press release dated January 30, 2026, titled "ACME Solar signs PPA for NHPCLtd s 250 MW ISTS-Connected FDRE Tranche-VI project".
ACMESOLAR · price
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Acme Solar Holdings has signed a Power Purchase Agreement (PPA) with NHPC Ltd for a 250 MW renewable energy project. The project falls under NHPC's Tranche-VI ISTS-connected FDRE (Firm and Dispatchable Renewable Energy) scheme, which means the power will be delivered through the inter-state transmission grid. FDRE projects are designed to provide round-the-clock reliable renewable power, making them more valuable than plain solar projects. This win adds 250 MW to Acme Solar's order book and strengthens its presence in the utility-scale renewable energy segment.
Positive for shareholders — the new PPA expands Acme Solar's project pipeline and adds long-term revenue visibility. FDRE projects typically command better tariffs than plain solar, which could support earnings growth once commissioned.